07-27-2017, 06:22 PM
http://www.chicagotribune.com/news/nationworld/ct-donald-trump-myths-20160128-story.html
3. “I’m proud of my net worth. I’ve done an amazing job.”
Trump frequently touts his financial acumen. He often says he is worth $10 billion, though most analysts say that is exaggerated. Bloomberg News closely studied his 92-page financial disclosure report and concluded that he is really worth $2.9 billion.
That may sound like a lot of money. But don’t forget that Trump inherited a lot of money, too — about $40 million in 1974. In 1978, his net worth was estimated by BusinessWeek at $100 million. The Post’s Wonkblog calculated that if Trump had gotten out of real estate, put his money in an index fund based on the Standard & Poor’s 500 index and reinvested the dividends, he’d be worth twice as much — $6 billion — today.
National Journal noted that Warren Buffett was also worth $40 million in 1974 — and he managed to turn that into $67 billion today. But then Buffett doesn’t have a long list of business flops, such as Trump Airlines, Trump Vodka, various Trump casinos, Trump Steaks and Trump University.
3. “I’m proud of my net worth. I’ve done an amazing job.”
Trump frequently touts his financial acumen. He often says he is worth $10 billion, though most analysts say that is exaggerated. Bloomberg News closely studied his 92-page financial disclosure report and concluded that he is really worth $2.9 billion.
That may sound like a lot of money. But don’t forget that Trump inherited a lot of money, too — about $40 million in 1974. In 1978, his net worth was estimated by BusinessWeek at $100 million. The Post’s Wonkblog calculated that if Trump had gotten out of real estate, put his money in an index fund based on the Standard & Poor’s 500 index and reinvested the dividends, he’d be worth twice as much — $6 billion — today.
National Journal noted that Warren Buffett was also worth $40 million in 1974 — and he managed to turn that into $67 billion today. But then Buffett doesn’t have a long list of business flops, such as Trump Airlines, Trump Vodka, various Trump casinos, Trump Steaks and Trump University.
